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Hawkish Fed to taper from next month

Hawkish Fed to taper from next month

The US Federal Reserve announced it will begin to unwind its quantitative easing programme in October, and said another rate hike this year is likely despite persistently low inflation.

Published : 21, Sep 2017
UK manager targets US wealthy

UK manager targets US wealthy

UK-based James Hambro & Partners has launched a new investment management service for American clients.

Published : 19, Sep 2017
How Trump has helped EM equity managers

How Trump has helped EM equity managers

Donald Trump’s administration has presented more opportunities than problems for emerging market equity managers, argues GAM’s Tim Love.

Published : 12, Sep 2017
FBI arrests radio show host in $5.6m investment fraud

FBI arrests radio show host in $5.6m investment...

The co-host of a US sports radio show has been arrested by the FBI on investment fraud-related charges in connection with an alleged fake ticket scam that he started after accumulating millions in gambling debts.

Published : 6, Sep 2017
Asset manager vindicated in mammoth £1bn Guernsey court case

Asset manager vindicated in mammoth £1bn Guernsey...

US-based The Carlyle Group has won a civil case against claims it was in breach of its duties in the management of a Guernsey fund leading to total investment losses in the 2008 global financial crash.

US Republicans lobby to scrap Fatca and tax on citizens abroad

US Republicans lobby to scrap Fatca and tax on...Lock icon

The Republican National Committee (RNC) has urged president Donald Trump to replace citizenship-based taxation, and therefore scrap the Foreign Account Tax Compliance Act (Fatca), in his tax reform package.

Published : 4, Sep 2017
'Harvey damage will force Fed to hold rates'

'Harvey damage will force Fed to hold rates'

The damage caused by hurricane Harvey will dampen US GDP growth to an extent that will force the Fed to forget about hiking rates further this year, it has been claimed.

Published : 4, Sep 2017
US regulator to examine ETP impact on markets and investors

US regulator to examine ETP impact on markets...

The Securities and Exchange Commission (SEC) is to examine the fast-growing market for exchange-traded products (ETPs) and its implications for investors in a forum with New York University.

Published : 1, Sep 2017
US tax workers jailed for using foreign IDs in $5m scam

US tax workers jailed for using foreign IDs in...

Three Americans have been convicted of using the stolen identities of foreign nationals to conspire to defraud the US Internal Revenue Service (IRS) of more than $5m (£3.9m, €4.2m) over the course of four years.

Published : 31, Aug 2017
Cayman-based Bernie Madoff feeder fund author of own demise

Cayman-based Bernie Madoff feeder fund author...

After a 12-week trial, liquidated Cayman Islands investment fund Primeo, which invested with infamous Ponzi scheme Bernard L Madoff Investment Securities (BLMIS), was found to be “to a very substantial degree the author of its own misfortune”, a judge has ruled.

Published : 31, Aug 2017
Investors hedge US equity positions

Investors hedge US equity positions

European investors have been responding to this year’s dollar weakness by hedging their investments in US equities, according to Morningstar data.

Published : 31, Aug 2017
US rapper faces 44 years in jail for $1.7m tax fraud case

US rapper faces 44 years in jail for $1.7m tax...

US rapper DMX, facing 44 years jail for a massive tax fraud, has been ordered to check into a rehabilitation facility to seek treatment after violating bail conditions.

Published : 25, Aug 2017
US adviser creates alter ego to defraud pro athlete over fees

US adviser creates alter ego to defraud pro athlete...

The US Securities and Exchange Commission (SEC) has charged an adviser with defrauding a professional athlete and his wife by deceiving them about the advisory fees they were paying and making up a person to testify to his goodwill.

Published : 23, Aug 2017
Tide turns against Trump's US in latest sentiment measure

Tide turns against Trump's US in latest sentiment...

Investors are moving on from US equities in favour of UK gilts and gold according to the latest Lloyds Bank Investor Sentiment Index.

Published : 23, Aug 2017
Canada professionals hit out at stricter voluntary disclosure

Canada professionals hit out at stricter voluntary...

Plans for significant changes to Canada's voluntary tax disclosure programme (VDP) have been criticised by trade groups representing the country's lawyers and accountants.

Published : 22, Aug 2017
Legal challenge against Fatca shut down by US appeals court

Legal challenge against Fatca shut down by US...

A group of US citizens living abroad “lack standing” to challenge the US Treasury Department’s taxes on their foreign bank accounts, the country’s Court of Appeals for the Sixth Circuit ruled on Friday.

Published : 21, Aug 2017
Prudential restructure sees US broker network sell-off

Prudential restructure sees US broker network...

UK insurer Prudential has sold its US independent broker-dealer network to focus on local retirement products just days after announcing plans to merge its UK insurance and asset management businesses.

Published : 16, Aug 2017
Three charged in US oil drilling scam promising 55% returns

Three charged in US oil drilling scam promising...Lock icon

The US Securities and Exchange Commission has charged two men and an accomplice with defrauding $15m (£11.6m, €12.7m) from more than 150 investors in a scam that promised high returns from an oil drilling investment opportunity.

Published : 15, Aug 2017
ETF pioneers launch 'white label' platform for asset managers

ETF pioneers launch 'white label' platform for...

Asset managers around the world will be able to sell white-labelled ETFs in Europe when the former co-heads of exchange-traded fund provider WisdomTree Europe unveil what they claim is the continent's first such platform.

Published : 15, Aug 2017
Six of the best US ETFs

Six of the best US ETFs

Passive funds have enjoyed a stellar time in the US as valuations ride higher and higher. Here, IG Group's Oliver Smith looks at the six best ETFs to access booming US markets.

Published : 14, Aug 2017

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Ronaldo flogs high-risk scheme to 60m Twitter followers
Ronaldo flogs high-risk...

Football star Cristiano Ronaldo has recommended a controversial...

Analysis: Nexus targets expats amid big changes in Asia
Analysis: Nexus targets...

A major international life company acquisition, a Singapore...

Steps advisers can take to avoid €20m data breach fine
Steps advisers can take...

Financial advisers will have to do a “significant amount...

Fresh pension freedoms inquiry targets scammers
Fresh pension freedoms...

The influential UK Work and Pensions Committee launched...

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